Get started

FCPO1!

FCPO 10 Sept 2021 : Break supportFCPO is dynamic.. 1. Yesterday's price have a strong bearish movement in the morning session followed by rejection in 15min TF and formed a tweezer bottom at 5min TF. 2. Bullish does not have momentum after 15min TF has a bearish engulfing pattern. 3. Price rejected EMA14 multiple times with a bearish engulfing pattern indicate strong sellers. 4. Today morning price has another significant bearish engulfing and rejected again EMA14. 5. Price break support zone shows strong seller. The entry : 1. Confirmation price breakout support @ 15min TF. 2. 15min price pullback with rejection CS 3. 5min have a bearish engulfing pattern. 4. Set sell limit order at the open rejection CS of 15min TF. 5. SL set using 1xATR for 5min TF from the last high of rejection CS.
MYX:FCPO1!
by ArifHasbollah
FCPO 25 August 2021 : False Breakout or Inverse HnS1. Morning session price to breakout nearest resistance but failed with the 2nd CS close back inside the range. 2. 5min have reversal CS during the reversal CS. 3. Gann level 4324 consider a strong level as the price at 15min was rejected twice. 4. Notice at 15min chart the inverse Head & Shoulder pattern. 5. 15min price reject EMA14 for an uptrend. Strategy : 1. Trade fake breakout until nearest support. 2. If the afternoon session has a valid breakout upside, looking for continuation entry.
MYX:FCPO1!
by ArifHasbollah
2
FCPO Trading SchematicThere is 3 type of price reaction towards SnR i) Rejection ii) Breakout iii) False breakout How to trade (i) rejection @ M15? 1. Price close with reversal CS - long wick 2. M5 has engulfed at least 60% 3. Set Limit order near the neck of close M15 CS. How to trade (ii) breakout @ M15? 1. Price close outside the SnR 2. 2nd CS also close outside SnR 3. Entry after rejection @ M5 How to trade (iii) false breakout @ M15? 1. Price close outside SnR 2. 2nd CS close inside SnR 3. Immediate entry after 2nd CS close. 4. Usually the aftermath range is the biggest after price consolidation. Another addition entry is Rejection-continuation : 1. Always happen in strong trend as a pullback 2. CS rejection @ M15 3. CS engulf @ M5 4. Immediate entry after rejection CS close
MYX:FCPO1!Education
by ArifHasbollah
FCPO Trading Strategy for False Breakout and Valid BreakoutPrice downtrend continuation when new day price open inside the previous trading range. Valid breakout = trend continuation Therefore, we use 1min TF to look for entry. 1. Break market structure. 2. EMA 14,50,200 trend. 3. Stochastic 4. Reverse-retest 5. Stoploss 6. TP False breakout = reversal/rejection Use 15min to find entry 1. Entry after 2nd CS close back inside the zone 2. Stoploss 2xATR @1min chart. 3. TP opposite Support / Resistance.
MYX:FCPO1!Education
by ArifHasbollah